Investment, Financial Planning, Mutual Fund & Income Tax Queries

Which mutual fund is best for long term investment as I am jobless

I lost job in January 2017 and since waiting to get a new one. I was working in Saudi Arabia. But in last 5 years I was saving and keeping all money in my bank savings account. Now I am investing that money in Mutual fund. My purpose of investment are; 1. Invest in Mutual Funds to grow the money for at least for 5 to 10 year while I will review my portfolio after every completed year, 2. To get some monthly dividend to manage home (school fees, house loan EMI, insurance instalments, Bill pay and day to day expenses etc) for 1 year or until I get job, 3. What ever I earn from mutual fund should be tax free, 4. I am 38 so taking a term insurance on 1.25 Crore, 5. Medical Insurance is already there for self and family, 6. Keeping 50,000 in savings account, 7. If any major emergency comes so I will liquidate one the large cap fund. Here is my Plan 1. HDFC Prudence Fund - Direct Plan - Monthly Dividend Payout - Invest 7 Lakh, 2. ICICI Prudential Balanced Fund - Direct Plan - Monthly Dividend Payout - Invest 5 Lakh, 3. Reliance Regular Savings Balanced Fund - Monthly Dividend Payout - Invest 8 Lakh, 4. HDFC Balanced Fund - Direct Plan - Dividend Payout - Invest 2 Lakh, 5. DSP BlackRock Opportunities Fund - Direct Plan - Dividend Payout - Invest 2 Lakh, 6. Motilal Oswal Most Focused MultiCap 35 - Direct Plan - Dividend Payout - Invest 2 Lakh, 7. Birla SL Top 100 - Direct Plan - Dividend Payout - Invest 2 Lakh, 8. Birla SL Frontline Equity - Direct Plan - Dividend Payout - Invest 2 Lakh, 9. ICICI Prudential Focused Bluechip Equity - Direct Plan - Dividend Payout - Invest 2 Lakh, 10. SBI Bluechip - Direct Plan - Dividend Payout - Invest 2 Lakh, 11. L&T Midcap - Direct Plan - Dividend Payout - Invest 1 Lakh. I have not opted for Debt Funds as I don't want short term investment and I don't want to have head ache of Taxes. Kindly advice on * above selection of funds, * number of funds, * my strategy, * if I should replace any fund with your best advice?

Aug 14, 2017 by Kumar, Delhi | Mutual Fund

While we feel sorry to hear that you have lost your job, we hope that you will get one soon. You have rightly invested in mutual funds to built up a second income especially when you do not have a salary... Read More

Is my current investment planning right to meet long term goals

This is Suraj Rai, aged 27 years, married and has 1 baby 1.5 year old. I have been following your site from past 6 months and have taken advice as well. I have few queries; kindly allow me to provide my assets, liabilities outflow and inflow of funds for proper clarity. Liabilities: 1) Home loan of 36.50 Lakhs. Assets: Cash of Rs 45000, PF of Rs 45000, 2 BHK flat in Ekta Parksville Virar West, Mumbai of Area 965 square feet. Inflow: My net take home salary: 35000 Rs/Month Wife net take home salary: 15000 Rs/Month. Outflow: ELSS - Axis Long term Fund 1 time lump-sum taken in 16 Dec 2016 of Rs 50000 - Regular growth, ELSS SIP in Axis Long Term Fund, DSPBR Tax Saver Fund, Birla Sun Life Tax Saver each of Rs 500 taken since 08-05-2017 (Regular Growth). DSPBR Small & Mid Cap Fund Rs 1000 since 10-07-2017. L&T Emerging Businesses Fund Direct Growth since 10.08.2017 of Rs 1000. Mirae Asset Emerging Bluechip Fund - Direct Growth - registered, SIP will start from 10/09/2017. Amount Rs 1000. Kotak Select Focus Fund - Direct Plan - Growth registered, SIP will start from 10/09/2017. Amount Rs 1000. LIC - 25000 rupees/annually. Health insurance - 6-7000/annually. PRE-EMI: 26000 Rs (flat under construction). EMI (Rs 44500/month) expected to start by 4th quarter of this financial year once possession received. Monthly expenses: 7000 Rs. Target: Emergency fund, New 2 BHK flat full interior work - 2.5 to 4 lakhs within next two year, One four wheeler in next 5 years (approx 5-8 lakhs), Baby education planning, Retirement planning. Please advise what feasible corrections to be made to ensure maximum targets are achieved any better utilization of funds?

Aug 14, 2017 by Suraj Kumar Rai, Mumbai | Mutual Fund

At the outset, we thank you for following Advisorkhoj. Even though you want to plan your long term goals like, children education and your own retirement, you have not mentioned the respective goal amounts... Read More

Have I selected best performing mutual funds

Review investments and suggest: My current investments in MF are for 15 years using SIP. All investments are in Direct-Growth. Axis Long Term, ICICI Pru Value Discovery, HDFC Balanced, Mirae Asset Emerging Bluechip. (SIP of 2500/month from 2015) 1. Is the portfolio appropriate. My age is 32 Years. 2. I want to add one more multicap fund to my portfolio. Can you please suggest. (I am planning to add Motilal Oswal Most 35 Multicap. But it has portfolio overlap of 30%. Hence please suggest one or two funds.) 3. Suggest one more balanced fund. 4. I am handling my debt investments using PPF and FD?

Aug 14, 2017 by Mukul, Chandigarh | Mutual Fund

You have selected good mutual fund schemes for your SIP investments and it is a good fit for your long term portfolio. However, reviewing your mutual fund portfolio once every year is must just to ensure if... Read More

Which mutual fund is best to invest in equity savings category

Which are some of the good equity saving schemes where idle money can be parked? The liquid schemes have tax implications?

Aug 14, 2017 by Shukla T N, Anand | Mutual Fund

Please see all the scheme performance under Equity Savings Category here... Read More

Can you let me know more about Index Funds

I am a regular reader of your website since 2015. My request is, could you please throw some light on passively managed index funds and their scope for small scale Indian investors. I read an article in an American journal recently. It says that a passive fund has only market risk but no 'fund manager's risk'. Where as an actively managed fund has market risk as well as fund manager's risk.! I loved the above observation. I will be obliged if you could include this subject in your blog for your readers?

Aug 13, 2017 by Rajesh Babu, | Mutual Fund

Thanks for writing to Advisorkhoj and showing interest in knowing more about Index Funds. We have couple of articles on this topic on our website which you may go through and find interesting in context to... Read More

Is my mutual fund selection good to achieve my long term goals

Can you please check that my selection of funds is correct or not. I'm investing for children education. Their marriage and my retirement. Reliance Equity Opportunity Fund - 2000, Reliance Small Cap Fund - 1000, SBI Emerging Business Fund - 2000, HDFC Prudence Fund - 2000, HDFC Children Gift Fund - 2000, Franklin Prima Plus - 2000, DSPBR Microcap Fund - 2000, ICICI Pru Value Discovery Fund - 5000, Birla Front Line Equity - 1500, Birla Small and Midcap Fund - 5000, Do I need to make any change?

Aug 13, 2017 by Amrita Srivastava, Allahabad | Mutual Fund

Good to hear that you are investing through mutual fund SIPs keeping your long term goals in mind. As you need suggestions on scheme selection, please note the following - Investing in Reliance Top 200 Fund... Read More

Is my current monthly SIPs enough to meet my long term goals

Goals: 50 lacs in 12 years, 1.00 crore in 22 years, 4.00 crore in 28 years. Funds: Franklin Prima Plus 1000, Franklin Prima Fund 1000, Franklin Blue Chip Fund 2000, ICICI Blue Chip 2000, Birla Sun Life Front Line Equity Fund 1000, Reliance Small Cap 1000, ICICI Value Discovery Fund 1000, Canara Robeco Emerging Fund 1000, Tata Balance Fund 1000, ICICI Dynamic Plan 2000, Birla MNC 1000, Axis Long Term Equity Fund 2500, Reliance Tax Saver 2500, Franklin India Tax Shield 5000. I'm investing since 2 years. My age 36 years. Salary 65000, Please advice me. How to achieve my goal?

Aug 13, 2017 by Deepak Kumar, Mumbai | Mutual Fund

Glad to note that you are investing Rs 24,000 through monthly SIPs to meet your various long term goals. Let us now analyze if your monthly SIPs are enough to meet your various goals... Read More

Which are best mutual funds to invest in India for regular returns

I will be returning to India now after working in Middle East for around 30 years. During this period I have a savings of around 2 crores that will be my only source of income for remaining life in India. Can you please advise the best way it can be invested to have a regular decent income to support my family?

Aug 13, 2017 by Ramez Merchant, Mumbai | Mutual Fund

Glad to hear that you will be returning to your country after working for many years overseas. The best way to get a regular return (say monthly) is to invest in mutual funds and draw a fixed amount every month... Read More

Which fund should I invest to get 2 Crores for my retirement after 30 years

I can invest 5k per month for 30 years for my retirement so that I can get near 2cr so where should I need to invest. Is it safe in ELSS, Balanced, Diversified, Small and Mid Cap. Please tell me where can I invest?

Aug 13, 2017 by Vishal, Karad | Retirement Planning

Good to hear that you are planning for your retirement at an early age. Investment in different category of equity mutual funds will depend on your risk appetite. Let us see some examples - If your risk profile is... Read More